The broker only offers a spread-only account with spreads from 0.6 pips, if you are hoping for RAW spreads then you will need to look at other brokers. To trade you can choose between MetaTrader 4 and MetaTrader 5 trading platforms, both platforms are excellent options but many brokers in the market offer these options. Advanced traders will appreciate the narrow spreads, zero commissions, and accessibility for all trading strategies. It includes Scalping, Hedging, and Automated Trading strategies.
Other Products and Services at LimeFxFx
With Negative balance protection, traders cannot lose more money than they have deposited. Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk.
- It can be challenging and requires significant research and understanding of the LimeFxFX trading tools and features.
- For a list of forex brokers that offer the cTrader platform, check out our comparison of MT4 brokers.
- Essentially, licence’s in one region can work throughout the Union.
- If you want to gain a transparent trading experience, create an account with LimeFxFX Broker.
Opening a LimeFxFX Account
To open an account, you need to use your name and email as well as a strong password. If you do not provide your full name and email address, the account will not be created. The LimeFxFX broker has several licenses, which bring some great benefits for traders. LimeFxFX Holding plc is regulated by CySEC (EU), which can give you maximum benefits. There is a huge potential for limited independent business without any leverage. Should you need it though, the customer service team is available through live chat, phone, and email to deal efficiently with any problems that may arise.
How are Execution, leverage and position sizing with LimeFxFX?
They managed to attract millions of users thanks to the simple interface and the dedicated support team. If you lack trading experience or knowledge, then captial.com is the best option. On the downside, fees and commissions tend to be slightly higher than on other platforms. The minimum deposit you can invest is $ 50, which is guaranteed at a much lower price than other brokers in the market. It is the best of LimeFxFX to make a conventional offer that you can apply and accept.
Is my money safe with LimeFxFX?
Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive https://limefx.group/ experience and understanding of the brokerage industry. Over a week-long testing period, I probed customer support with dozens of inquiries, ranging from available tools to fees and questions relating to the security of client accounts. I was surprised at how fast the responses were, and the agents went the extra mile to provide the information I sought.
The size of copy proportion for every particular Master is determined by the Copier. Copiers can also add support funds to protect their investment from market movements. The support funds do not influence the profit directly but they will be used to support the Copier’s trading strategies. Since its inception, clients have opened over 21 million trading accounts from more than 180 nations of the world.
After choosing a platform, the applicant will press continue to finalize account creation. A Trader has to deposit at least USD 50 to earn a deposit of USD 25. While this regulatory oversight provides a basic level of security, it is not as stringent as regulations from top-tier authorities like the FCA or ASIC. Copy and automated trading are only available on the MT5 desktop platform. The MetaTrader 5 Web Platform (Web Trader) is a slightly stripped-down version of the desktop platform.
Some of these educational webinars could be useful, but they are only really suitable for absolute newbies.If you want advanced trading education, look elsewhere. LimeFxFX has quite an extensive research and education section on the company’s website. There’s an economic calendar and regular news updates, which could be useful if you must keep up to date with the latest fundamentals.
It is up to you to decide whether to buy or sell stock spreads in this market. If you see a drop in the market price, then you need to click on ‘Sell’. On the other hand, if you see that the price has increased, then click on the ‘Buy’ button.
The spread on this account is a floating one and starts at 0.6 pips. If the balance becomes negative LimeFxFX will compensate the trader’s account and adjust the account balance to zero. The bonus is 50% of the funds invested by the Copier at the beginning of copying the master. The bonus is not considered an integral part of the Copier’s investment and cannot be withdrawn. It can only be applied once for a particular master within the set dates or the promotion.
Research tools provided by LimeFxFX include a well-detailed economic calendar which keeps you updated with all significant economic events and how they may impact you. It also provides for detailed analysis with market reports and more to offer. Overall, this is an excellent hybrid combination that can secure the best market prices, lowest spreads, and fastest trade execution.
However, if you are based in Indonesia then you can use their local banking institutions (Mandiri, BCA, BNI and BRI). They can take payment via and of the major credit cards, through an e-wallet or through traditional bank wires / deposits. Looking at the fiat side deposits, you can pay in either EUR or USD. If you are going to be depositing into a USD denominated account in EUR then they will do their best to give you the closest market rate on this pair.
In addition to this, LimeFxFx is one of the MetaTrader 4 brokers and also offers the MetaTrader 5 platforms to traders. MT4 and MT5 are the gold standards when it concerns automated trading solutions. To access the full range of the broker’s offerings and functionality, clients can use any of limefx broker reviews the 3 trading platforms that are available as apps for mobile and on the web. Both iOS and Android versions of the trading platforms are also available for on-the-go traders. Established in 2011 and located in London, LimeFxFx is a forex broker that renders its services to users worldwide.
You can also see the actual, forecast and previous results of these releases. The calendar has advanced filters to only show news that is relevant to you. I think this is a vital tool and always like to check if there is any pending news before taking a trade. You will also find an economic calendar built-in the MT5 platform which could be more convenient to access and save you the hassle of switching between tabs. One of the best platform for forex with quick response of customer service, Happy to be LimeFx family, and thanks to my friend who introduced and guided me to this platform.